LONDON—MetLife, Inc. says a consortium of its affiliates and third-party investor clients have provided $200 million in financing to Angel Trains Group, the largest railway leasing company in the United Kingdom. The floating rate note has a seven-year term.
In this financing, MetLife and third-party investor clients advised by MetLife Investment Management purchased junior debt issued by Angel Trains. The MetLife-led consortium was the sole investor in this transaction, which closed on November 28.
“Our investment in Angel Trains Group demonstrates MetLife's ability and readiness to creatively structure financings for our borrowers,” said John Tanyeri, managing director and head of infrastructure investments for MetLife in Europe. “Our consortium was the sole investor in this deal, and we were able to meet the borrower's maturity targets in the local currency.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
